Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
Another tropical depression looms
ANOTHER low-pressure area (LPA) inside the Philippine Area of Responsibility had a high chance of developing into a tropical depression within the next 24 hours, the state weather bureau said in a Facebook post on Tuesday. Meanwhile, the LPA formerly known as Luis had weakened as of 2 p.m., it said. About 3,700 people from […]
Read more →Three rebels killed in Abra
BANGUED, Abra — Three alleged communist rebels were killed in a clash with government troops in Licuan-Baay, Abra on Tuesday, as military operations continued against alleged remnants of the Communist Party of the Philippines-New People’s Army Ilocos-Cordillera Regional Committee. Composite troops from the 50th and 98th Infantry Battalions encountered about 10 armed rebels in the […]
Read more →Government weighs fuel aid
THE government is evaluating proposals to expand fuel subsidies and adjust public transport fares amid rising operating costs, Malacañang said on Tuesday. The Land Transportation Franchising and Regulatory Board has recommended a P20-per-liter fuel subsidy for public utility vehicle operators for one month. The existing P10-per-liter subsidy has been extended until the end of August. […]
Read more →Analysts flag growth risks
PRESIDENT Ferdinand R. Marcos, Jr. should address structural weaknesses in agriculture and governance to prevent the Philippine economy from losing momentum, according to GlobalSource Partners. In a report dated Aug. 3, GlobalSource Principal Advisor Diwa C. Guinigundo and former Bangko Sentral ng Pilipinas Assistant Governor Wilhelmina C. Mañalac said the administration has been more successful […]
Read more →Marcos seeks tax reform
PRESIDENT Ferdinand R. Marcos, Jr. wants Congress to pass the Department of Finance’s proposed tax reform package within the year, Malacañang said on Tuesday. Palace Press Officer Clarissa A. Castro said the President wants the proposed Promoting Growth, Revenue and Equity towards Socioeconomic Sustainability bill enacted as soon as possible. The package is expected to […]
Read more →GSIS refunds P9.06 billion
THE Government Service Insurance System (GSIS) has refunded P9.06 billion to more than 500,000 members and pensioners through its expanded Balik Ginhawa 2 program, 24 days after its implementation, the state pension fund said on Tuesday. Including the original Balik Ginhawa program, GSIS has returned more than P18 billion in loan amortizations. The GSIS Touch […]
Read more →Bill seeks system loss ban
SENATOR Francis Joseph “Chiz” G. Escudero has filed a bill seeking to prohibit electricity companies from passing system losses on to consumers. Senate Bill No. 2345 or the proposed No System Loss Charge Act will prohibit the recovery of system loss charges, their reclassification under another name and other charges intended to circumvent the ban. […]
Read more →Apple Pay now available in the Philippines
APPLE PAY is now live in the Philippines, enabling contactless payments via supported devices. iPhone, Apple Watch, Mac, and iPad users can now add select Philippine-issued credit and debit cards to their Apple Wallet and use them for transactions anywhere that takes contactless payments, whether it be in-store, via apps or online. Based on the […]
Read more →DigiPlus builds on livestream digital bingo suite with launch of fast-paced, action-packed ‘Bingo Speed’
Executing on its commitment to continuous product innovation, DigiPlus Interactive Corp., the country’s leading digital entertainment provider behind BingoPlus, ArenaPlus, and GameZone, has expanded its flagship livestream bingo suite on BingoPlus with the launch of its newest offering, Bingo Speed, a fast-paced take on the timeless game enjoyed by generations of Filipinos. Inspired by the […]
Read more →7 Philippine firms included in Forbes Asia’s 2026 ‘Best Under A Billion’ list
Seven companies from the Philippines have been included in Forbes Asia’s 2026 “Best Under A Billion” list, which recognizes the top 200 performing small and midsized companies in the Asia-Pacific region. The list includes publicly listed Asia-Pacific companies, with sales above $10 million and below $1 billion. The seven Filipino companies that made it to […]
Read more →DoF proposes higher excise taxes
THE DEPARTMENT of Finance (DoF) is proposing a package of new and higher taxes on sweetened beverages, e-cigarettes, flexible plastic products, luxury vehicles and private aircraft to offset revenue losses from proposed personal income tax relief measures. At a briefing on Monday, DoF Undersecretary Karlo Fermin S. Adriano said these measures are part of the […]
Read more →Philippine manufacturing PMI hits 5-month high in July
PHILIPPINE manufacturing activity rose to a five-month high in July, as production and new orders grew at the fastest pace since February, S&P Global said.
Read more →World Bank keeps 2026 growth forecast unchanged
THE WORLD BANK kept its 2026 Philippine growth forecast but trimmed its 2027 projection as it expects external risks to weigh on economic activity until next year. In its Philippine Economic Update released on Monday, the multilateral lender maintained its 3.7% growth forecast, within the government’s 3.5%-4.5% target for this year. However, the World Bank […]
Read more →Weak consumption, public spending likely weighed on Q2 growth
TEPID CONSUMER and government spending likely slowed Philippine economic growth for a fourth consecutive quarter in the second quarter, analysts said.
Read more →ICTSI Q2 profit rises 21% on higher port revenues
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) posted a 21% increase in attributable net income for the second quarter (Q2), driven by higher revenues from port operations, as cargo volumes and contributions from new terminals boosted its performance. Attributable net income rose to $296.41 million for the April-to-June period from $244.88 million a year earlier, the […]
Read more →T-bill yields decline on Iran deal hopes
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday with lower rates across the board on improved risk sentiment as tensions between the United States and Iran eased anew, which caused global oil prices to go down. The Bureau of the Treasury (BTr) raised P50 billion as planned from […]
Read more →ERC clears P8.7-billion Meralco cost recovery
THE Energy Regulatory Commission (ERC) has authorized Manila Electric Co. (Meralco) to recover P8.7 billion in previously uncollected pass-through costs from customers over three years. In a 51-page decision promulgated on July 31, the ERC allowed Meralco to recover under-collected generation, transmission, system loss, and real property tax charges covering the period from February 2011 […]
Read more →BPI expects profit rebound this semester
BANK of the Philippine Islands (BPI) expects its profit growth to rebound this semester, supported by the sustained expansion of its corporate loan book to offset pressures faced by its consumer and small business lending segments. “Typically, in any given year, we tend to see the second half perform a little better than the first […]
Read more →ABS-CBN denies report of management turnover to MVP-led MediaQuest
ABS-CBN CORP. on Monday denied a report that its management is being turned over to Manuel V. Pangilinan (MVP)-led MediaQuest Holdings, Inc., saying there are no discussions on such an arrangement. “This is not accurate. There are no discussions with Mr. Ramon S. Ang or Mr. Pangilinan on turning over the management of ABS-CBN to […]
Read more →Peso to stay above P60 until 2027 on dollar’s strength, weak growth
THE PESO will likely remain above the P60 level against the dollar until the end of 2027 as the country grapples with tight domestic economic conditions, and amid potential monetary policy easing once inflation pressures recede, Metropolitan Bank and Trust Co. (Metrobank) said. In a July 30 commentary, Metrobank research officer Sophia Therese Bonifacio said […]
Read more →AboitizPower breaks ground on 239-MWp Negros solar project
ABOITIZ POWER CORP. (AboitizPower) has broken ground on a 239-megawatt-peak (MWp) solar power project with a 65-megawatt (MW) battery energy storage system in Cadiz City, Negros Occidental, which it targets to energize by 2028. In a statement on Monday, the company said its renewable energy unit, Aboitiz Renewables, Inc., started construction of the Luna Solar […]
Read more →Singing trio elevates nightlife in QC
TEN MONTHS after the Quezon Club opened to add pizzazz to the urban sprawl of Quezon City (QC), the nightlife venue has undergone a relaunch, which includes the introduction of a singing group called The Sirens. Composed of Sheena Lee Palad, Crystal Paras, and Kris Atinen, The Sirens made their debut performance on July 31, […]
Read more →GCash to enable card-funded QR payments
ELECTRONIC WALLET giant GCash has partnered with Visa and Mastercard to enable the use of debit and credit cards to fund QR payments with the app. The new link-and-pay feature expected to be launched soon will allow users to complete QR transactions through the GCash app via their linked Visa cards, minimizing the need to […]
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